HRS §257-9

Money in individual development accounts is tax-free

Money you put into an individual development account, plus any matching funds from the state or private sources and the interest it earns, is not taxed. This means you do not have to pay taxes on that money.

everyone

The statute, as written — Tax exemption

All moneys contributed into an individual development account, including state and private matches, individual savings, and interest earned, shall be exempt from taxation.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.